US Chemtura to start up Dutch PAO basestocks plant in H2

26 February 2013 18:16[Source: ICIS news]

HOUSTON (ICIS)--Chemtura expects to start up its new plant for high-viscosity polyalphaolefin (HVPAO) synthetic basestocks in ?xml:namespace>Amsterdam in the second half of 2013, the CEO of the US-based specialty chemicals firm said on Tuesday.

Following start-up, product from the plant will have to be qualified by customers, Craig Rogerson told analysts during Chemtura’s 2012 Q4 results conference call.

“[The plant] will start to impact the [2013] fourth quarter, and it will be a bigger deal in 2014," Rogerson said.

Chemtura currently supplies the European market with HVPAO products imported from North America, Rogerson added.

The Dutch plant, announced in 2011, is expected to help Chemtura meet increasing global demand for its Synton-brand HVPAO products. Capacity or financial details were not disclosed.